interesting commentary thanks. If they managed to have a less than 30% drop in revenue in April given the extreme cessation of most activity and spending that month across all industries, then they clearly have a remarkably resilient business. There’s not many non online/ticket clippers/resource businesses I’ve heard of which didn’t see a 30% reduction in April.
but you may well be right for two reasons 1) it would be weird not to mention jobkeeper in May if discussing the Nz scheme, and 2) the profit guidance should really have mentioned it, even if just in passing especially as it would be very material (3 months of ~250k pbt per 100 employees.
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